Roper Technologies: Q1 Earnings Insights

 

Shares of Roper Technologies ROP fell 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 18.03% year over year to $3.60, which beat the estimate of $3.32.

Revenue of $1,530,000,000 rose by 13.08% year over year, which beat the estimate of $1,510,000,000.

Looking Ahead

Q2 EPS expected to be between $3.61 and $3.65.

Details Of The Call

Date: Apr 27, 2021

Time: 07:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/52vsavae

Technicals

Company's 52-week high was at $455.72

Company's 52-week low was at $304.55

Price action over last quarter: Up 10.48%

Company Profile

Roper is a diversified technology company that operates out of four segments: application software; network software and systems; measurement and analytical solutions; and process technologies. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the firm's businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!